Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCVX Fund  USD 23.30  0.22  0.94%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.92 (i.e., Almost no diversification). The correlation of Perkins Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Perkins Small Correlation With Market

Average diversification

The correlation between Perkins Small Cap and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Perkins Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Perkins Mutual Fund

  0.69JRAAX Janus ResearchPairCorr
  0.77JRACX Janus ResearchPairCorr
  0.68JRAIX Janus ResearchPairCorr
  0.68JRANX Janus ResearchPairCorr
  0.72JRARX Janus Henderson ResearchPairCorr
  0.71JRASX Janus ResearchPairCorr
  0.95JABAX Janus BalancedPairCorr
  0.95JABCX Janus BalancedPairCorr
  0.71JRSAX Intech Managed VolatilityPairCorr
  0.72JRSDX Intech Managed VolatilityPairCorr
  0.75JRSCX Intech Managed VolatilityPairCorr
  0.71JRSIX Intech Managed VolatilityPairCorr
  0.71JRSNX Intech Managed VolatilityPairCorr
  0.71JRSSX Intech Managed VolatilityPairCorr
  0.71JRSTX Intech Managed VolatilityPairCorr
  0.9JACNX Janus ContrarianPairCorr
  0.92JACTX Janus Forty FundPairCorr
  0.63JADFX Janus Flexible BondPairCorr
  0.92JADGX Janus Growth AndPairCorr
  0.95JABNX Janus BalancedPairCorr
  0.95JABRX Janus BalancedPairCorr
  0.87JACCX Janus Forty FundPairCorr
  0.93JAENX Janus EnterprisePairCorr
  0.65JAFIX Janus Flexible BondPairCorr
  0.67JAFLX Flexible Bond PortfolioPairCorr
  0.91JAGTX Janus Global TechnologyPairCorr
  0.87JAGCX Janus Global TechnologyPairCorr
  0.92JAGIX Janus Growth AndPairCorr
  0.77JAGLX Janus Global Life Potential GrowthPairCorr
  0.95JANBX Janus BalancedPairCorr
  0.93JANEX Janus EnterprisePairCorr
  0.65JANFX Janus Flexible BondPairCorr
  0.93JANIX Janus TritonPairCorr
  0.89JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.44JASBX Janus Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Perkins Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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